Siemens is currently trading at Rs. 892.00, up by 6.55 points or 0.74% from its previous closing of Rs. 885.45 on the BSE.
The scrip opened at Rs. 892.00 and has touched a high and low of Rs. 896.00 and Rs. 887.85 respectively. So far 2,039 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1010.00 on 04-Jul-2014 and a 52 week low of Rs. 512.00 on 30-Jan-2014.
Last one week high and low of the scrip stood at Rs. 943.00 and Rs. 880.10 respectively. The current market cap of the company is Rs. 31,830.00 crore.
The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 13.46% and 11.54% respectively.
Siemens has won an order worth approximately Rs 317 crore from Bihar Grid Company (BGCL), a joint venture between Bihar State Power Holding Company and Power Grid Corporation of India (PGCIL). This is the company’s first GIS substation order from BGCL and also marks the establishment of the first 220 kV GIS in the state of Bihar.
Bihar Grid Company was formed by the Bihar Government in a joint venture with PGCIL, for strengthening and augmenting the transmission system in the State. It is expected that more than 6000 MW electricity will be available to the state from different sources by 2017. The state-wide transmission of this bulk power will require construction of new transmission grids, sub-stations and transmission lines of 400/220/132 kV levels.
Siemens is the flagship listed company of Siemens AG in India and is a major player in the electronics and electrical engineering business. Germany’s Siemens AG holds a 75 per cent stake in the company.
